Dutch Gold Resources Inc. (fka DGRI)

[tvmetguy]

Bankshot, that is their disclaimer haha, their professional interpretation is this:

INTERPRETATIONS



Based upon the historical geological and sampling information on the Basin Gulch Mine described previously in this report the following interpretations are made,


q Geologic conditions exist that have proven very favorable for development of a persistent gold porphyry deposit on the Basin Gulch Mine property. Within the large porphyry deposit there are easily identified high-grade zones created by geological conditions that can be exploited by small-scale high-grade mining techniques. Two such areas have been recognized and have received significant drilling. They are called Ore Block A and Ore Block B and were analyzed previously in a 43-101 prepared in 2006.



q Two volumetric calculations have been made; one for Blocks A and B by DBA in 2006 and one for the Hilltop Block, Trail Block and A Block by GEMCOM in 1997.



o The 2006 DBA results yield approximately 341,000 ounces of gold only for Blocks A and B without addition of gold-equivalent silver. These blocks were defined by drilling density; thus, they are open in all four horizontal directions and vertically.



o The 1997 GEMCOM results, based on less than one-third of the drill holes, yielded a combined volume of Proven and Probable gold and gold-equivalent silver ranging from 2,803,970 ounces Au with an average grade of 0.026 opt to 7,600,000 ounces Au with an average grade of 0.012 opt Au. Cutoff grade in all cases was 0.005 opt Au. The area analyzed also included the 2006 DBA Blocks A and B. These blocks were based on drilling density, thus the volumetric estimates are open in all four horizontal directions and vertically.

o Because all the drill holes and all the assays were not used for these calculations, and both estimates are open in all directions, these volume estimates should be viewed as the low end of the total gold present on the site.


In other words, DBA is saying that GEMCOM only did less than 1/3 of the Basin Gulch area using density drill data for gold, the same method used by DBA in 2006, so DBA is suggesting if you took their 2006 data and spread it over the entire GEMCOM area and the area they did not do, that significanly more gold than the 2.8M ounces found by GEMCOM is likely the reality.

I ask again, do you own shares of DGRI? DGRI has a lot more than nada my man.

I also found this:

However, during the late stages of preparation of the 2009 NI 43-101, DBA was contacted by a third party that has been in negotiations to purchase the old Cable Mountain Mine and surrounding properties. They informed DBA that most of the core and drill cuttings from the exploration at Basin Gulch were found in storage at the Cable Mountain facility near Georgetown Lake, Montana. When the third-party obtains control of the property, they stated that they will allow Dutch to retake control of the core and cuttings. However, because they will not control the samples for at least several months, DBA could not inspect and re-assay the samples for validation of the exploration results to include in this 43-101. It is not clear if the re-discovered collection of samples includes core and cuttings from drill holes done by Cyprus and/or Chevron. Kennecott did not drill during their tenure controlling the property. During preparation of this 2010 update we contacted the third party and found that Dutch still cannot take control of the cuttings and cores. However, later in 2010 they will be recovered.

Looks like a new 43-101 may be coming a bit sooner than we thought....